Abstract Water availability governs ecosystem productivity, yet estimates of vegetation sensitivity to water can differ greatly depending on whether the sensitivity is examined spatially or temporally. In particular, the spatial sensitivity is often reported to be much stronger than temporal sensitivities, leading to highly uncertain projections of ecosystem responses to future climate change when using space‐for‐time substitution. The large difference between spatial and temporal sensitivities remains unexplained. Prior research, however, primarily relied on precipitation as the water availability proxy, whereas vegetation responds to soil moisture. Here, we combined satellite estimates of vegetation productivity with soil moisture data across water‐limited ecosystems of the continental United States (CONUS) to identify a convergent sensitivity of productivity to water availability. Using precipitation, we show that temporal sensitivity is 66% lower than spatial sensitivity overall. Our analysis identified the cause of the difference to be primarily driven by the seasonal variability of water availability, rooting depth, and soil properties. When using soil moisture instead of precipitation, we observed widespread convergence in the spatial and temporal sensitivities—that is, the two sensitivities became much more similar in magnitude across all water‐limited ecosystems within CONUS. These results show that overlooking soil hydrology can inflate perceived discrepancies between spatial and temporal vegetation sensitivities, leading to biased projections of ecosystem dynamics under future hydro‐climatic change.